PyCharm Bitbucket git credentials for Google account

If you have an bitbucket.org account created by signing up with Google account then you will need to do additional steps in order to integrate it to PyCharm/IntelliJ. This is a common situation for many people. So in order to clone a repository you will need to create new password which should be used for this situation.
This password will help you to get access my repos from git command line by using your Bitbucket name and the newly created password?